Eric Roll, Baron Roll of Ipsden: Economics

Eric Roll, Baron Roll of Ipsden was British economist. Explore interesting quotes on economics.
Eric Roll, Baron Roll of Ipsden: 48   quotes 0   likes

“Whatever his merits as an economist, Hume's place as one of the foremost exponents of capitalism is clearly established. His views on the landed interest and his recognition of self-interest and his desire for accumulation as the driving forces of economic activity in his time helped to consolidate the forces that were struggling to add political power to the economic supremacy which they had already achieved.”

Eric Roll, Baron Roll of Ipsden

Source: A History of Economic Thought (1939), Chapter III, The Founders Of Political Economy, p. 123

Time , Help

“In its origins the utility school was strongly influenced by a desire to strengthen the potentially apologetic character of economics.”

Eric Roll, Baron Roll of Ipsden

Source: A History of Economic Thought (1939), Chapter VIII, Modern Economics, p. 370

School

“The difficulties in economic life arise mainly because men forget divine power”

Eric Roll, Baron Roll of Ipsden

Source: A History of Economic Thought (1939), Chapter V, Reaction And Revolution, p. 220

Life , Men , Forgetting

“Aristotle laid the foundation of the distinction between use-value andexchange-value, which has remained a part of economic thought to the present day.”

Eric Roll, Baron Roll of Ipsden

Source: A History of Economic Thought (1939), Chapter I, The Beginnings, p. 34-35

Parting

“Ricardo, writing fifty years later than Smith, showed a greater insight into the working of the economic system; but as for the subtlety (whatever demerit there may be in that!) the Scot does not lose by comparison with the Jew.”

Eric Roll, Baron Roll of Ipsden

Source: A History of Economic Thought (1939), Chapter IV, The Classical System, p. 176

“The chronological inconsistencies are perhaps most clearly exemplified by the writings of Nicole Oresme. In his Traictie de la Premierere Invention des Monnies, written about 1360, he develops a theory of money which reveals a very different approach to economic problems from that of his fellow Churchmen.”

Eric Roll, Baron Roll of Ipsden

Source: A History of Economic Thought (1939), Chapter I, The Beginnings, p. 53

Money , Problem

“Robbed of a foundation of political philosophy on which (how ever illegitimately) it had based itself, economics is in great danger of becoming a plaything of demagogy.”

Eric Roll, Baron Roll of Ipsden

Conclusion, p. 414
A History of Economic Thought (1939)